In the latest market dynamics, the cryptocurrency sector has once again witnessed intense volatility. According to the latest report from leading data tracking platform Coinglass, the total liquidation value over the past 24 hours was a record-breaking $55.8 million. This figure not only reflects the current level of market activity but also serves as a warning for investors to pay attention to risk management. Among these liquidation events, the amount of margin loss due to long positions was $29.22 million, while the amount due to short positions was slightly lower at $26.57 million. This indicates that both traders adopting a bullish or bearish strategy are exposed to significant risks of capital loss when market conditions change abruptly. For participants in the cryptocurrency market, this is a profound reminder that while pursuing high returns, they must remain vigilant about market risks.